Fund managers are worried the Biden administration’s move to restrict some outbound U.S. investment to China will further fuel anti-Beijing sentiment in Washington and prompt more limitations.
FINANCE
China Shadow Banking Giant Alarms Investors With Missed Payments
One of China’s largest private wealth managers is triggering fresh anxiety about the health of the country’s shadow banking industry after missing payments on multiple high-yield products.
China sends finance experts to tackle regions’ debts
Since 2015 China has undertaken repeated attempts to curb debt issuance by LGFVs, which ballooned as infrastructure and property spending fuelled booming economic growth but resulted in many …
Praised by Elon Musk, top Chinese EV maker BYD urges China’s car brands to go global and ‘demolish the old legends’
Tesla CEO Elon Musk no longer laughs at BYD. The Chinese electric-vehicle maker is handily beating Tesla in China, the world’s largest auto market, and it’s expanding internationally. Now BYD is …
Joe Biden Has a China Problem
China’s economy has fallen into a period of deflation. Its consumer price index (CPI) fell by .3% in July. Its imports and exports fell sharper than expected last month. Tesla triggered a price war in…
China releases plan to lure more foreign investment as economy falters
A worker produces textile products for export at a workshop of a company in Lianyungang city, Jiangsu province, China, August 9, 2023. CFOTO/Future Publishing via Getty Images China’s State Council …
What is China’s private-sector mess, and what is Beijing doing to clean it up?
Much has been made about the plight of China’s private businesses, which have been angling for help for years and find the post-Covid environment difficult to thrive in, prompting Beijing to respond.
China’s economic stress deepen with property market slump: Report
Official data on Tuesday will likely show modest gains in industrial output, retail sales, fixed-assets investment in July from year ago, although growth rates are still well below pre-pandemic level …
A Top China Fund Manager Boosts LGFV Holdings After Policy Vows
One of China’s best-performing bond fund managers boosted holdings of local government financing vehicles after a key economic policy meeting last month fueled optimism in the debt-laden sector.Most R …
China’s fledgling Wealth Connect plan is stunted as the devil in 3 disparate systems stymies Greater Bay Area strategy for banks, brokers, insurers
The wealth connect scheme reports paltry inflows relative to its predecessors stock connect and bond connect Almost two years on, the scheme has attracted investments worth only 1 per cent of its 300 …
China debt: these 3 regions have the most daunting debt piles. So what can be done about it?
China to hasten infrastructure push to aid growth amid call … In 2021, the government of Tianjin introduced measures to improve the financial health of its indebted state firms following a series of …
China’s July new bank loans tumble to 345.9 bln yuan, well below forecasts
BEIJING, Aug 11 (Reuters) – Chinese banks extended 345.9 billion … after record lending in the first half as the central bank tried to underpin a faltering economic recovery. Broad M2 money supply …
China bank lending slumps in July against weakening economy, credit backdrop
China’s new bank loans in July sank to the lowest level since late 2009 against a backdrop of weaker credit even as the nation’s policymakers trimmed interest rates and pledged more support for the …
